(Mel) Mel complete technical analysis [charts+indicators] | Buy/Sell Mel | (Mel) share price targets
Complete technical analysis of Mel (Mel) by charts plus indicators, forecast predictions and share price targets for Mel (Mel)
Showing technical analysis as on 2024-03-14 View latest technical analysis
10 day averaged volume of Mel is 5998
| Date | Daily Closing Price | Open | High | Low | Volume |
| 14 Thu Mar 2024 | 20.26 | 20.00 | 21.59 | 19.00 | 4.213 times |
| 13 Wed Mar 2024 | 21.11 | 21.83 | 23.75 | 20.57 | 1.583 times |
| 12 Tue Mar 2024 | 22.85 | 23.57 | 24.90 | 22.76 | 0.362 times |
| 11 Mon Mar 2024 | 23.61 | 23.99 | 24.50 | 22.70 | 1.698 times |
| 07 Thu Mar 2024 | 23.53 | 24.87 | 24.87 | 23.21 | 2.169 times |
| 06 Wed Mar 2024 | 23.70 | 23.38 | 25.44 | 23.38 | 0.778 times |
| 05 Tue Mar 2024 | 24.05 | 24.94 | 24.94 | 23.37 | 0.693 times |
| 04 Mon Mar 2024 | 24.34 | 24.51 | 25.97 | 23.25 | 1.157 times |
| 02 Sat Mar 2024 | 24.33 | 25.29 | 25.42 | 23.60 | 0.314 times |
| 01 Fri Mar 2024 | 24.22 | 24.01 | 25.48 | 24.01 | 0.682 times |
Stock of Mel (Mel) has showed a significant fall. This could be a good time to exit from this stock.
Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 21.3, for a target of 22.7 or 23.92
Share price targets for Mel (Mel)
| Target Type | Value |
| Downside Target | 18.00 |
| Downside Target | 19.00 |
| Upside Target | 21.11 |
| Upside Target | 21.81 |
| Upside Target | 23.21 |
| Upside Target | 24.90 |
| Upside Target | 25.97 |
| Upside Target | 26.40 |
| Upside Target | 26.67 |
| Upside Target | 30.04 |
Intraday share price targets for Mel (Mel)
| Target Type | Value |
| Downside Intraday Target | 17.87 |
| Downside Intraday Target | 15.49 |
| Upside Intraday Target | 23.77 |
| Upside Intraday Target | 27.29 |
| Upside Intraday Target | 21.39 |
Weekly technical analysis of Mel (Mel)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 14 Thu Mar 2024 | 20.26 | 23.99 | 24.90 | 19.00 | 1.638 times |
| 07 Thu Mar 2024 | 23.53 | 24.51 | 25.97 | 23.21 | 1.341 times |
| 02 Sat Mar 2024 | 24.33 | 26.40 | 26.40 | 23.60 | 0.771 times |
| 23 Fri Feb 2024 | 24.60 | 24.30 | 26.40 | 23.52 | 0.535 times |
| 16 Fri Feb 2024 | 24.30 | 23.96 | 26.67 | 21.81 | 1.124 times |
Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.
Monthly technical analysis of Mel (Mel)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 14 Thu Mar 2024 | 20.26 | 24.01 | 25.97 | 19.00 | 0.512 times |
| 29 Thu Feb 2024 | 24.61 | 25.70 | 26.67 | 21.81 | 0.297 times |
| 31 Wed Jan 2024 | 25.77 | 24.26 | 30.04 | 21.11 | 1.589 times |
| 29 Fri Dec 2023 | 22.52 | 23.39 | 23.40 | 19.00 | 2.632 times |
Scroll below to view daily charts
Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.
Indicators analysis of Mel (Mel)
Price action analysis of Mel ( (Mel) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Mel ( (Mel) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Mel ( (Mel) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Mel ( (Mel) ) based on a mid to longer term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
ADX buy sell signal for Mel stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.
MACD generated a SELL signal for Mel in short term and the sell signal is strong.
Mel Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.
Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down
CCI has generated a SELL signal for Mel in short term and SELL signal is strong!
RSI is generating a SELL signal in short term and selling is picking up momentum.
MRSI is in negative zone. This is the SELL zone
Stock of Mel is picking up buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 22.39 and Mel (Mel) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down
People seem to be coming out and selling the Mel (Mel) stock. Volume based technical analysis of Mel (Mel) stock is negative.
Mel Stock has given negative returns over a short term period. Returns for a longer term period have been negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
Price action analysis of Mel ( (Mel) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Mel ( (Mel) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Mel ( (Mel) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Mel ( (Mel) ) based on a mid to longer term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
ADX buy sell signal for Mel stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.
MACD generated a SELL signal for Mel in short term and the sell signal is strong.
Mel Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.
Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down
CCI has generated a SELL signal for Mel in short term and SELL signal is strong!
RSI is generating a SELL signal in short term and selling is picking up momentum.
MRSI is in negative zone. This is the SELL zone
Stock of Mel is picking up buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 22.39 and Mel (Mel) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down
People seem to be coming out and selling the Mel (Mel) stock. Volume based technical analysis of Mel (Mel) stock is negative.
Mel Stock has given negative returns over a short term period. Returns for a longer term period have been negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
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